In limited circumstances you might be able to. The ATO provides more guidance on deductibility of occupancy expenses here: www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/working-from-home-expenses/occupancy-expenses
According to the ATO, To claim your working from home deduction using this method, you must keep: a record of the number of actual hours you work from home during the entire income year - for example, a timesheet, roster, diary or other similar document PLUS at least one record for each of the additional running expenses you incur that the rate per work hour includes - for example, if you incurred electricity and stationery expenses keep one quarterly bill for your electricity expenses and one receipt for your stationery expenses. More information here www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/working-from-home-expenses/fixed-rate-method-67-cents#ato-Recordkeepingforthefixedratemethod
Hi what do you enter on the net capital lost unapplied on the tax schedule (the next page that comes up when u select "If your capital gain or lost is more than 10k"). I have a total lost of 20k for this year and 10k previous years. Do i put the total lost only for this year only or both losses? (this year and previous year)?
thanks Dan very helpful videos. When working from home why we can't claim rent? in addition to the fixed rate method?
In limited circumstances you might be able to. The ATO provides more guidance on deductibility of occupancy expenses here: www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/working-from-home-expenses/occupancy-expenses
thanks mate, super helpful
Thank you!
Thanks so much. Happy EOFY!
Same to you!
For claiming deductions for home office do I need to keep receipts for using the 67c fixed rate method?
According to the ATO, To claim your working from home deduction using this method, you must keep:
a record of the number of actual hours you work from home during the entire income year - for example, a timesheet, roster, diary or other similar document
PLUS
at least one record for each of the additional running expenses you incur that the rate per work hour includes - for example, if you incurred electricity and stationery expenses keep one quarterly bill for your electricity expenses and one receipt for your stationery expenses. More information here www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/working-from-home-expenses/fixed-rate-method-67-cents#ato-Recordkeepingforthefixedratemethod
Hi what do you enter on the net capital lost unapplied on the tax schedule (the next page that comes up when u select "If your capital gain or lost is more than 10k"). I have a total lost of 20k for this year and 10k previous years. Do i put the total lost only for this year only or both losses? (this year and previous year)?
Does it have a label number that you a referring to?
dude what shitcoins have you been buying?😄
Thanks tax with dan. Youve gotten a subscibe
Thanks so much!